May. 17, 2018
YORK – In response to a letter from Republican members of the state House of Representatives, the Pennsylvania Public Utility Commission (PUC) today issued an order, requiring 17 major electric, natural gas and water and wastewater utilities to return $320 million per year to consumers, Rep. Seth Grove (R-York) announced today.
The refunds are a direct result of the significant decrease in federal corporate tax rates and other tax changes under the Tax Cuts and Jobs Act signed into law last year, which lowered the tax liability of many utility companies.
In March, Grove was joined by 14 representatives in issuing a letter to the PUC urging its commissioners to decrease energy costs for consumers because of the tax cuts. Grove issued the following statement in response to the commissioners’ decision:
“Today is a great day for all Pennsylvanians who will now see even more money in their wallets thanks the federal tax cuts following the decision by the PUC. When companies save millions of dollars through tax cuts, those savings should be passed onto consumers. It’s simply the right thing to do.
“My colleagues who signed the letter and I are thrilled we were able to once again stand up for Pennsylvanians and help them keep more of their hard-earned money. Pennsylvania now joins the ranks of 39 others states to reduce energy rates following the tax reform measure.”
The letter, signed by 15 representatives, is attached.
Representative Seth Grove
196th District
Pennsylvania House of Representatives
Media Contact: Greg Gross
717.260.6374
ggross@pahousegop.com
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